The global home standby gensets market is anticipated to grow at a CAGR of nearly 4.8% during the forecast period (2021-2027). The key factor that drives the market growth is increasing government efforts across the globe to bring electricity to regions that were previously off-grid. Several key industry players are also focusing on launching new products, establishing partnerships, and undertake acquisitions, in order to contribute to government initiatives and to enhancing market dynamics. For instance, in March 2021, Mahindra Powerol, one of the leading genset manufacturers, established a new production facility, GOEM Perfect Generators Technology Pvt Ltd, in India. The firm plans to manufacture its Perkin range of diesel generators at the facility to accommodate the surging demand for HkVA gensets. The expansion of its production capacity has enabled Powerol to extend its product offerings across untouched terrains.
Browse the full report description of “Global Home Standby Gensets Market Size, Share & Trends Analysis Report By Cooling System (Air Cooled, and Liquid Cooled) By Power Rating Type (<10 kVA, 10–50 kVA, 50–100 kVA, and >100 kVA) By Fuel Type (Natural Gas, Diesel, and Others) Phase Type (Single Phase, and Three Phase), Forecast (2021-2027).” at https://www.omrglobal.com/industry-reports/home-standby-gensets-market
The market players include Generac, Rolls-Royce Power Systems, Eaton, Champion, Mahindra Powerol, Powerica, HIMOINSA, Ashok Leyland, Sommers, and Kohler amongst others are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in Oct 2021, Generac Power Systems, Inc., energy technology solutions provider and manufacturer launched new Guardian® 26kW Home Standby Generator The Guardian 26kW generator provides 26 kilowatts of peak power, while taking up less space and offering thousands of dollars of savings on purchase and installation compared to competitive home standby generators.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
o By Composition
o By Manufacturing Process
o By End-User Industry
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Cummins, Briggs & Stratton, Generac, Caterpillar, Honeywell, Rolls-Royce Power Systems, Eaton, Champion, Mahindra Powerol, Powerica, HIMOINSA, Ashok Leyland, Sommers, and Kohler amongst others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Home Standby Gensets Market Report by Segment
By Cooling System
By Power Rating Type
By Fuel Type
By Phase Type
Global Home Standby Gensets Market Report by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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